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Salon & Spa Building
For Sale
$699,900

312 McDonald Street, Midland, MI 48640

COM/IND/BUS OPP, Midland, MI

Property Size2,457 SF
Lot Size0.33 Acres
Price / SF$284.86
Days on Market144

Property Features for 312 McDonald Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Rooms Basement
Subdivision Carpenters Div
Lot features Corner Lot, Main Street, Cleared
Standard status Active
APN 14-16-50-734
Size 2,457 SF
Lot size 0.33 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 6314

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1912
Roof type Shingle
Listing Agency: Century 21 Signature Realty Midland · Century 21 Real Estate
Listed By: Carolyn Mayne · License #6501386291
Added: May 4 Changed: Sep 22 Last Checked: Sep 24 at 9:06AM
MLS# 50206310

Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,457-square-foot salon and spa property occupies a 0.33-acre parcel in downtown Midland. The building dates to 1912 and includes basement space, forced-air heating, central air conditioning, a shingle roof, and public water service.

Located at 312 McDonald Street, the property has reported exposure to more than 15,000 vehicles daily. Its existing salon and spa use provides a defined commercial setting for continued operation or future planning consistent with the property’s characteristics.

Key Highlights

  • 2,457‑square‑foot salon and spa property
  • 0.33‑acre parcel in downtown Midland
  • Reported exposure to more than 15,000 vehicles daily

Property Analytics

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Current Use

Element Salon and Day ... Hair Salon

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Dental Office Auto Parts Store Pharmacy Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

663
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 57% Home Improvements & Furnishings 36% Hotels & Casinos 7%
BP Shops & Services
13,765 visits/mo 0.3 miles
Ace Hardware & Sports Home Improvements & Furnishings
11,358 visits/mo 0.2 miles
Huntington Bank Shops & Services
3,819 visits/mo 0.1 miles
Fairfield Inn & Suites by Marriott Midland Hotels & Casinos
2,251 visits/mo 0.2 miles
Mercantile Bank Shops & Services
491 visits/mo 0.1 miles

Demographics for 48640, MI

31,840
Population
14,340
Households
2.2
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
105.1 sq mi
ZIP Area
303
Density / Sq Mi
$81,630
Median Household Income
$43,353
Median Earnings
$928
Median Rent
$191,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • East End 1000 E Main St #47, Midland, MI 48667

Frequently Asked Questions

What type of property is this?
Spa & wellness property - Downtown commercial property with basement space, central air, and public water service.
Where is this spa & wellness property located?
The property is located at 312 McDonald Street Midland, MI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2,457‑square‑foot salon and spa property; 0.33‑acre parcel in downtown Midland; Reported exposure to more than 15,000 vehicles daily
More about this property
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